Ask HN: How do I launch a side project through my employer?
I have been working on a "startup idea" for over a year, but started in a new job only four months ago.
This product fits neatly in my employers portfolio, but I don't want to simply "donate" it given the huge personal investment. Nor can I afford to launch it on my own any time soon.
I'm sure many around here have faced similar situations. How did you resolve it?
For what its worth, this is a profitable small-time shop made of nice people, my boss is aware of the project, but we haven't really discussed any details yet. If successful, things will become very different around here.
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In my experience, getting involved with an employer to work on your side-project is not a wise decision unless you're 100% sure it won't go south. I've done it and regret it. I asked my employer if they would help me on the marketing side of things for an app I was building on the side, and allow me work on finishing the app on company time--fast forward 8 months and I was the only one putting any work into it, and they also owned over 50% of my app (yes, I know--I was super dumb, overly excited and way too generous!). I eventually burned out and moved on, and it sucked to leave behind a project that I liked due to my poor decision-making and bad co-founder fit.
NOTE: DO NOT CONSIDER THIS LEGAL ADVICE.
I personally wouldn't even have mentioned it to anyone at the organization that you don't explicitly trust. Now that your boss is aware of your idea, he/she can steal it behind your back and implement it themselves.
but they're nice people
They're nice because they want you to give them your IP for the lowest cost possible (free since they can order you to build it using company resources). I mean, if you just wanted to pad your resume, then this is a good idea. Otherwise, you just handed them your future business.
But again, these are just my ramblings. CONSULT A LAWYER.
y, you're going to need a lawyer here.
I wouldn't mention anything else about it till your lawyer reviews your employee agreement and works with you to get things setup so you retain the IP until a time spelled out along with equity/revenue share.
Sounds like you have a great idea, good luck executing on it.
I don't envy the position you are in though so be careful. I just don't like the idea in general of collaborating with an employer on a startup.
Follow up in 6 months and let us know how it's going.
Good luck.
I'd advise you keep a decision diary and a log of all interactions on the subject you have with your boss and colleagues. Even if they are just casual discussions, don't force anything. It's just good to have an honest (no porkies, no revisionism) account of who said what when and a clear timeline.
If you have a good project and things move fast it can get muddled and messy, like a big pile of spaghetti. A lawyer should ask for this if you have it and they will find the situation easier to understand.
So yes, a lawyer would help.
Your product likely already belongs exclusively to your employer. Review the terms of your employment contract; you almost certainly have an IP assignment clause in it, which may specify that anything done on company time, resources, or importantly, along company business lines is automatically assigned to the company. You may be required to disclose this product to them and sign it over to them for free.
Consult an attorney.
Thanks everyone for your very valuable feedback.
I will definitely consult a lawyer before moving forward.